Detailed description

Taraxa aims to democratize IoT data with concurrent contracts, light nodes, and encrypted data markets on top of block lattice.

Taraxa’s has a smart contract system which is fast for two reasons:

First, on a single node, Taraxa provides a concurrent VM to allow hundreds of smart contract calls to be processed in parallel, and a set of concurrent data structures built into the VM to minimize any conflicts that processing these smart contracts might run into. Much of this design is based on the principles of software transactional memory’s (STM) speculative concurrency algorithms. This is fast because all other blockchain systems today process smart contracts sequentially.

Second, across the network, the first time any smart contract call is processed is split between nodes. That is, anytime a new smart contract call is first processed, only a single node on the network does it. This allows this single node to independently define fine-grained order (the smart contract creator defines order by sets on each smart contract’s chain) and a concurrent schedule for all other full nodes to later validate against by processing the same set of contracts themselves. This ensures there are no wasted processing and that the network is scalable. This is faster because conventional blockchain systems waste all but a single processor (e.g., miner)’s block.

Problem

Current DLT has weak foundations

Distributed ledger technologies (DLT) can address many of IoT's challenges, making them perfectly complementary. The bad news is, current DLT's foundation is weakened by numerous flaws, making it poorly-suited for large-scale IoT applications, which is why we built Taraxa.

Features

IoT devices are constrained by their processing, memory, and bandwidth limitations. Taraxa has created a practical trustless light node to make devices fully independent and autonomous in their trading decisions.

The first Dapp on Taraxa will be an encrypted data market with a variety of data trading and encryption tools, giving Taraxa ecosystem partners the tools necessary to set up their own domain-specific IoT data use cases.

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Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :TARAXA

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :9,007,199,254,741,000 TARAXA

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Advisors

Maurice Herlihy

Science

Mamoru Taniya

Business and Policy

Bo Shen

Strategy

James Gong

Strategy

Yanfeng Chen

Business Development Strategy

Roadmap

No information

Activity

Social

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